Get started

Search in ideas for "CHARTS"

TECHNICAL ANALYSIS/MONTHLY CHARTS - SUPPORTS & RESISTANCESUPPORTS & RESISTANCE DRAWN AS INDICATED -DATA TAKEN FROM PAST 3 YRS , FIBONACCI USED JUST FOR MORE CONFIRMATION. R1:- 1346/R2:-1020 & A STRONG SUPPORT AT 728 . PLEASE NOTE MACD & RSI INDICATORS ARE BOTH SHOWING TREND WILL GO UP .ALSO BULLISH CANDLE HAS CROSSED VAWP WHICH AGAIN IS SHOWING IT WILL GO UP & WILL HIT RESISTANCE SOON. I HAVE SEEN HERE CHARTS OF SHORT FOR TITAN.I AM NEW IN THIS & LEARNING IS IN PROGRESS.EXPERT GUYS IF CAN CORRECT BE WOULD BE GRATEFUL. THANKS IN ADVANCE & BEST RGDS.
NSE:TITAN
by SIFARVJ
Looking at the charts we can clearly say still there is no The index pulled back on Friday on probable stimulus hope by the government. Looking at the charts we can clearly say still there is no relief in selling. The RSI has fallen deep below 20 which indicates bears are in full force the MACD histogram is negative and trend still bearish. A single bullish day will never warrant a trend turn. 9300 level is immediate resistance while 9800 will be a major one, above which extended pullback may be witnessed towards 10900 levels. However a failure to survive at the resistance may push Nifty down to 7650 & 5500 levels! At this moment the targets may seem weird but the ways things are shaping up these may be realty soon.
NSE:NIFTY
by BharatJhunjhunwala
1
Nifty-Inside bar & Doji within Narrowing channel - weekly chartsAn inside bar and doji indicates indecisiveness of participants, while the narrowing channel will provide a direction for a big and decisive move sometime very soon. Weekly charts are quite reliable from a medium to long term perspective. Week's low is near 12110, this level needs to be watched carefully. If broken, it may destabilise bulls. India vix is near historic lows, vix and Nifty have an adverse correlation. You may keep an eye on Vix chart to ascertain trend reversal of Nifty. When the markets are as high, trading with certain level of safety is important, strategies that are crafted carefully may protect us from big losses. If you agree, and intend to know more about how strategies can be deployed at these levels, feel free to write to me using direct message or tweet me using @i2gain handle.
NSE:NIFTYLong
by ipuneet
Nifty - Two consecutive Dojis on weekly charts, upside capped ? Technically Nifty formed a Doji candle with long upper shadow on daily scale which indicates absence of follow up buying interest at higher zones. It also formed the Doji candle for second consecutive week, indicating continuing indecisiveness among the market participants. It has to sustain above 11850 to resume uptrend, incase 11800 is broken 11760 - 11700 are the levels to watch out for. 10950 -10980 range looks a difficult zone to negotiate. May be some positive news is required to take it higher. Dow made a new high, may provide some support to our markets too. The 21 RSI was slightly below 9 EMA, on daily as well as two hour charts, I respect this indicator and would recommend to wait for long positions untill it turns positive. Also no shorts till there are more confirmations of the downtrend. Bank Nifty did manage to close in positive zone, it is also in BUY zone as per EMA on RSI indicator *"Puneet_9EMA_21_RSI"* is a simple and reliable indicator, many of us have been using it for a few months as it has given some reliable "Enter" and "Exit" signals, all very close to the tops and bottom. ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ This post is not an advice to speculate using leveraged products, one must thoroughly understand the financial implications, consult some financial adviser before taking any positions. ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ Please consider hitting the LIKE button below the chart, if you find this post / idea worthy. You may also FOLLOW me over this forum for periodic updates on Nifty , Bank Nifty and bullion.
NSE:NIFTY
by ipuneet
1
HDFC Cup And Handle Formation on Hourly ChartsThere is a cup and handle formation on the hourly charts of HDFC , the stock has reversed from the neckline of the pattern but on the 15 minutes chart it has formed a double bottom formation for which the nekline forms at 2130 and if it breaks 2130 then it may try to break the neckline of cup and handle formation which is close 2147-2153 region. So the aggressive target would be the complete depth of the cup which is 200 rs in this case. Also dear readers the results of HDFC are going to come in next week so we can get a reaction either before that or on that day itself.
H
by bailbuddhi
Bank Nifty moved as the charts indicated, Bank Nifty continued weakness, clarifications by heads of certain banks / financial institutions could not assert overall fall. It has corrected almost 2400 points from the peak it made on 23rd Sep. Though there is no indication of a pause or reversal on charts, I would like to take a break. I'll just observe Friday's market move and on the basis of tomorrow's closing, decide course of action of Monday. One can hold shorts till there are signs of recovery or pause or book profit and wait for direction. 28765 can be the stop for all short positions, and long positions should be taken only if it breaches above 29256, based on Fib. levels and tops of previous days' candles. Please consider liking this post / idea, share your opinion via. posts, you may also FOLLOW me on this forum for periodic updates on Nifty, Bank Nifty, Silver or Gold.
NSE:BANKNIFTYShort
by ipuneet